XAG

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0485%/8h= +53.1% APRnext payment +$0.61 per $10,000 · paid last 24h +0.084%

Price spread now: Kraken Futures against gTrade (Gains Network)+0.052%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs—under 7 days of funding history

Net, price: spread back to 7d avg − costs−$285as in the Price arb table

costs, in and out, $10k−$2872.875% of the position

Long on gTrade (Gains Network)Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.018%−$2 on $10k

Price spread, last 3 days (all we have)−0.004%$0 · spread now +0.052%, 7d avg +0.032%

Together, before fees−0.022%−$2 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.032%, so right now this pair is about funding alone: +$15 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid -0.018% in total (about -2.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.61 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) XAG/USD	66.467	L +0.0004% / S −0.0006%	pay 0.0000% / 1h	59m 46s	$120K	—	250x
Short	Kraken Futures PF_XAGUSD	66.502	0.0489	get 0.0061% / 1h	59m 46s	$763K	$561K	25x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against gTrade (Gains Network). Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee gTrade (Gains Network)bpFee Kraken FuturesbpOrdersPrice spread, now +0.052%Rate

Funding earned: $101.83
Price spread: +0.052% → +0.032%: $1.99
Slippage, 4 orders: −$267.47
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$183.65
Costs to cover: 2.875%
Break-even: 19.6 days

Slippage from gTrade (Gains Network): virtual book (oracle venue), 39 min ago; Kraken Futures: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) virtual book (oracle venue), 39 min ago	130.00 bp	135.0 bp −$135	135.0 bp −$1,350	579.9 bp −$58.0K	2587.5 bp −$1.29M
Sell Kraken Futures live order book, 8 min ago	2.75 bp	8.6 bp −$9	16.6 bp −$166	52.0 bp −$5,197	doesn't fit

XAG on 44 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX XAG-USD	0.0000%	1h	66.475	+0.012%	$15K	—	5x	as long as short
Bybit XAGUSDT	0.0000%	4h	66.560	+0.139%	$25.5M	$35.7M	150x	as long as short
Gate XAG_USDT	0.0000%	4h	66.540	+0.109%	$154.8M	$169.8M	100x	as long as short
SunX XAG-USDT	0.0000%	4h	66.540	+0.109%	$2K	$2.9M	20x	as long as short
HTX XAG-USDT	0.0000%	4h	66.560	+0.139%	$1.1M	$1.1M	75x	as long as short
Phemex XAGUSDT	0.0000%	4h	66.550	+0.124%	$1.5M	$251K	100x	as long as short
gTrade (Gains Network) XAG/USDlong	L +0.0004% / S −0.0006%	1h	66.467	long leg	$120K	—	250x
Lighter RH XAG	+0.0032%	1h	66.521	+0.081%	$4.8M	$9.6M	25x	as long as short
Extended XAG-USD	+0.0032%	1h	66.473	+0.009%	$5.4M	$12.5M	10x	as long as short
Injective XAG/USDC PERP	+0.0033%	1h	66.400	−0.101%	$11K	$94K	52x	as long as short

Show all 44 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
StandX XAG-USD	+0.0040%	1h	66.590	+0.184%	$801K	$2.8M	40x	as long as short
Vest SI-PERP	+0.0046%	1h	66.972	+0.759%	—	—	25x	as long as short
Phoenix SILVER	+0.0048%	1h	66.507	+0.060%	$56K	$26K	25x	as long as short
Polymarket Perps SILVER-USD	+0.0050%	1h	66.499	+0.048%	$3.9M	$700K	20x	as long as short
SoDEX SILVER-USD	+0.0050%	1h	66.463	−0.007%	$3K	$5K	20x	as long as short
Ondo Perps XAG-USD.P	+0.0050%	1h	66.440	−0.041%	$5.7M	$9.5M	25x	as long as short
QFEX SILVER-USD	+0.0051%	1h	66.530	+0.094%	$115K	$2.8M	20x	as long as short
Kalshi KXSILVERPERP	+0.0059%	24h	66.492	+0.037%	$558K	$22.0M	8.1x	as long as short
tradeXYZ xyz:SILVER	+0.0070%	1h	66.494	+0.040%	$165.8M	$85.0M	25x	as long as short
Hotstuff SILVER-PERP	+0.0072%	1h	66.514	+0.070%	$35K	$21K	20x	as long as short
Aster XAGUSDT	+0.0097%	4h	66.510	+0.064%	$2.8M	$1.0M	100x	as long as short
Pacifica XAG	+0.0100%	1h	66.484	+0.025%	$474K	$619K	10x	as long as short
KuCoin XAGUSDTM	+0.0100%	4h	66.500	+0.049%	$24.6M	$4.5M	75x	as long as short
ApeX Omni XAGUSDT	+0.0100%	1h	66.530	+0.094%	$127K	$24K	50x	as long as short
Variational Omni XAG	+0.0108%	4h	66.543	+0.114%	$5.6M	$9.8M	—	as long as short
Paradex XAG-USD-PERP	+0.0112%	8h	66.542	+0.112%	$30K	$1K	5x	as long as short
Aevo XAG-PERP	+0.0120%	1h	66.519	+0.078%	$48K	—	10x	as long as short
MEXC SILVER_USDT	+0.0122%	4h	66.540	+0.109%	$108.9M	$161.4M	1000x	as long as short
BloFin XAG-USDT	+0.0122%	4h	66.590	+0.184%	$2.6M	$683K	100x	as long as short
Binance XAGUSDT	+0.0123%	4h	66.540	+0.109%	$193.5M	$718.2M	100x	as long as short
edgeX XAGUSDC	+0.0123%	4h	66.552	+0.128%	$675K	$315K	30x	as long as short
Lighter XAG	+0.0128%	1h	66.526	+0.088%	$5.4M	$10.6M	25x	as long as short
RISEx XAG/USDC	+0.0148%	1h	66.540	+0.109%	$1.3M	$4.2M	20x	as long as short
Coinbase International SILVER-PERP-INTX	+0.0184%	1h	66.490	+0.034%	$1.9M	$965K	20x	as long as short
Nado XAG-PERP	+0.0188%	1h	66.502	+0.052%	$1.3M	$6.5M	10x	as long as short
GRVT XAG_USDT_Perp	+0.0190%	4h	66.559	+0.137%	$402K	$1.5M	25x	as long as short
OKX XAG-USDT-SWAP	+0.0195%	8h	66.570	+0.154%	$28.0M	$66.9M	50x	as long as short
Bitget XAGUSDT	+0.0196%	4h	66.550	+0.124%	$24.6M	$47.5M	100x	as long as short
Aftermath Perps XAGUSD	+0.0209%	1h	66.511	+0.065%	$80K	$39K	10x	as long as short
Bullet SILVER-USD	+0.0250%	1h	66.543	+0.114%	$45K	$76K	10x	as long as short
Hibachi XAG/USDT-P	+0.0288%	1h	66.505	+0.056%	$20K	$22K	10x	as long as short
GMX SILVER/USD [ETH-USDC]	L +0.0291% / S −0.0281%	1h	66.535	+0.102%	$103K	—	111x	as long as short
Deribit SILVER_USDC-PERPETUAL	+0.0352%	1h	66.520	+0.079%	$50K	$336K	20x	as long as short
Kraken Futures PF_XAGUSDshort	+0.0489%	1h	66.502	+0.052%	$763K	$561K	25x